My sister, mother and I are giving my son $20,000 toward a down payment. Do we report it to the IRS?

Title: My sister, mother and I are giving my son $20,000 toward a down payment. Do we report it to the IRS? Published: 2026-06-02T20:00:00.0000000+00:00 Link: https://www.marketwatch.com/story/my-sister-mother-and-i-are-giving-my-son-20-000-toward-a-down-payment-do-we-report-it-to-the-irs-a20f2408?mod=mw_rss_topstories Quentin Fottrell Getty Images Summary: “I’m confident that I will never exceed the lifetime gift-tax exemption.”